We were approached to sign a ratification of royalty reservation and oil, gas and mineral lease (which calls for 25% royalty).... due to both parties of the original deed passing away and the royalty interest was divided between the heirs.....
wording on deed -
There is hereby EXCEPTED AND RESERVED from this conveyance in foavor of the GRANTOR an undivided one-half(1/2) of the Grantor's present and existing royalty interest in and to all of the oil, gas, lignite, uranium, coal and other minerals in, on and under the above described property. (This is in LaSalle County, Texas)
is to reserve a proportionate percentage of lessor's royalty interest, as provided in any properly executed oil, gas and minteral lease, or other instrument covering the reserved mineral rights, which cover all, or part of the land, proportionate to one-half (1/2) times the percentage of (deed owners), mineral interest owned in and under the land at the time the deed was executed.
The undersigned parties do hereby ratify and confirm the lease, including but not limited to the pooling provision contained therein.
1. "on" was left out - (in, on and under) ........does this make a difference
2. because we have royalty interest only - do we really HAVE to sign. No money is paid to us up front. They are calling about twice a week to get us to sign. The Oil and Gas Lease has already been signed and executed without our ratification - so am just wondering why they still need our signature...
I may have more questions later Or are there questions I should be asking?
Thank you for any information you can give me.